OREANDA-NEWS. VTB announced the consolidated IFRS financial results of VTB Group for the first nine months of 2006.

VTB Group’s consolidated net profit for nine months of 2006 was U.S.$816 million, up 124.2%, another peak level in the Group’s history.

This increase was provided by a 102.8% growth in core revenue to U.S.$2,908 million. Net interest income rose by U.S.$545 million (82.0%), and net fee and commission income grew by U.S.$145 million (119.8%) as compared to nine months of 2005.

Assets reached U.S.$48,955 million, up 33.3%, and net loans and advances to customers rose to U.S.$27,582 million, up 38.4%, supported by a 59.4% growth in customer deposits.